Dillman faces a maximum penalty of 20 years and a $250,000 fine for each count of conviction, according to the DOJ.

Block Bits founder Japheth Dillman was convicted after a $960,000 crypto trading bot pitch prosecutors said was fiction.

Japheth Dillman convicted of wire fraud for Block Bits Fund scheme that raised $960,000 from investors using a fake crypto autotrading bot. He